Launches & Closures

Derivatives expert Ellis trades new Resurgam global macro strategy


Mark Ellis, a veteran derivatives trader who has worked at NatWest Markets, RBS Greenwich and Bear Stearns, has launched a new global macro fund.

The Resurgam Growth Fund is based in London and allocates to several proprietary systematic portfolios and invests in highly liquid and exchange-traded instruments primarily in fixed-income, equities and commodities - with the aim of exploiting inefficient market participant behaviour.

Assets traded include Bund, Euribor, Eurodollar, DJIA and FTSE futures contracts as well as ETFs on bonds, gold, equities and commodities and some 30 US and UK single stocks.

Ellis was previously joint portfolio manager of the